tech bubbles

Also, he’s a very hands on investor, so. Read more »

Kleiner Perkins said it would invest up to $20 million in social messaging app Snapchat, valuing the company at nearly $10 billion, Dow Jones reported Tuesday, citing sources. According to the report, Snapchat said it now has 100 million monthly active users, nearly half that of Twitter. Snapchat, a smartphone app that allows users to share self-destructing images, has become popular among teenagers in the U.S. and its currently one of Apple iTunes’ top 10 free apps. [CNBC]

  • 19 Aug 2014 at 2:19 PM

Uber Is Getting Into The Prophylactic Business

The car-service app is testing a new delivery system called Corner Store, where in addition to ordering a car to chauffeur you to and from hookups, you can also have it deliver items like tampons, toilet paper, and — yes — condoms. The convenience economy just wants to delight your sex life. [Daily Intel]

The object of the game (“Kim Kardashian: Hollywood”) is to get rich and famous and involves an animated Kim saying things like “You’re a natural in front of the camera” for a successful photo-shoot and telling you you suck for not hitting on someone’s animated boyfriend. We live in a world in which Morgan Stanley economists think a two-letter app is genius and guys in Silicon Valley pour hundreds of millions into one-letter apps, so, really, sky’s the limit. [Fashionista]

“…the more I think about it, the more I like the ‘yo’ concept. And it’s not because of the app’s latest feature: you can send a ‘yo’ to the username ‘worldcup’ to receive a ‘yo’ (and nothing else) anytime a team scores a goal. Rather, it’s because I’ve always thought that there is beauty in simplicity. I’m a minimalist. I like to sit in my scarcely furnished study with white-washed walls while I write this comment. I hate Christmas decorations. When on a vacation, I like to sit on the shore and stare at the sea in the summer, or climb up a cold, white mountain silently on skis in the winter. I loved to read the late Barton Biggs’s simple but beautiful prose about investing. Life is full of complexity –family, friends, work, politics, financial markets, the global economy. Coping with complexity requires filtering, sorting, reduction, concentration and, at least sometimes, simplification. Sometimes, a simple ‘yo’ can say and mean more to your ‘contacts’ than all the babble.” [BI, earlier]

Or something along those lines. Read more »